Sweden moving forward in e-krona CBDC trials

Sweden moving forward in e-krona CBDC trials


Sweden has made a number of strides toward its own central bank digital currency, or CBDC, called the e-krona. The Sveriges Riksbank, the country’s central bank, now looks to experiment with the asset using a non-simulated party. 

As reported by Reuters, Riksbank detailed on Friday via a statement: “The e-krona pilot is therefore moving on from only having simulated participants to cooperation with external participants in the test environment.” The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden.

In January, Riksbank elaborated that its e-krona proof-of-concept harnesses Corda, a distributed ledger technology, or DLT, solution from R3. Sweden has been on the CBDC path for over a year. April brought news that the country had finished the beginning portion of its CBDC pilot.

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The Riksbank statement reported on by Reuters also included Handelsbanken noting: “For Handelsbanken, the project means the opportunity to participate in what may be among the first digital central bank-issued

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